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Olivine Technology has raised $50K across 1 funding round.
Olivine Technology has raised $50K in total across 1 funding round.
Olivine Technology has raised $50K in total across 1 funding round.
Olivine Technology's investors include Village Capital.
Olivine Technology has raised $50K across 1 funding round. Most recently, it raised $50K Seed in April 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2017 | $50K Seed | — | Village Capital | Announced |
Olivine Technology Ltd is a Kenyan software company founded in 2010, headquartered in Nairobi, specializing in sales and stock management solutions for retailers and distributors of fast-moving consumer goods.[1][3] Its flagship product, ASiM, is a user-friendly platform that provides real-time monitoring of sales teams and stock positions, integrates with existing accounting systems, and operates both online and offline with automatic cloud backups to address issues like pricing errors and poor credit management.[1] With under 25 employees and revenue below $5 million, the company has raised limited funding (under $5 million total across one round) and focuses on empowering retailers through automated data capture and distribution management systems.[1]
The company serves retailers and distributors in consumer electronics, computers, and fast-moving goods sectors in Kenya, solving key pain points in sales processes such as real-time visibility and seamless operations.[1][3][6] Growth indicators include a small team size and modest funding, with no recent news on major expansions, suggesting steady but niche momentum in the African retail tech space.[1]
Olivine Technology Ltd was founded in 2010 in Nairobi, Kenya, as a software developer targeting sales and logistics needs for businesses.[3] Limited public details exist on specific founders or their backgrounds, but the company emerged to tackle inefficiencies in retail distribution, particularly for fast-moving goods where manual processes led to errors in pricing, credit, and stock tracking.[1] Early traction likely stemmed from its core product ASiM, which gained adoption by offering offline capabilities and integrations tailored to Kenya's retail environment, marking a pivotal shift toward automated tools in a market reliant on traditional methods.[1][4] This backstory positions Olivine as a homegrown player addressing local supply chain challenges in East Africa.
Olivine Technology rides the wave of digital transformation in African retail and supply chains, where mobile money and e-commerce growth demand efficient inventory tools amid urbanization and rising consumer goods demand.[1][3] Timing aligns with Kenya's expanding retail sector and push for tech-enabled distribution, countering market forces like fragmented logistics and informal trading.[6] By enabling real-time data for small-to-medium retailers, it influences the ecosystem by boosting operational efficiency, reducing waste, and supporting scalability for fast-moving goods distributors in East Africa.[1]
Olivine Technology is poised for growth by expanding ASiM's reach amid rising e-commerce and supply chain digitization in Africa, potentially through partnerships with larger distributors or integrations with mobile payment systems. Trends like AI-driven analytics and regional trade blocs (e.g., AfCFTA) could accelerate adoption, evolving its influence from niche Kenyan player to broader East African retail enabler. Sustained momentum hinges on securing further funding to enhance features and scale beyond its current modest footprint.[1]
